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Renanza Realty
For sale

2135, 2139, 2143 50 Avenue SW

Calgary, Alberta

MLS® A2302642

$3,450,000

Status
Active
Property type
House
MLS® number
A2302642
Bedrooms
9
Bathrooms
5
Year built
1961

Listing description

North Glenmore Park Land Assembly for Sale | 150’ x 138’ Apartment/ Multi Family Development Opportunity in CalgaryA rare 150’ x 138’ land assembly in North Glenmore Park, Calgary presents a premier multi-parcel redevelopment opportunity ideally suited for a 5-storey apartment building, subject to city approval. Comprised of three adjacent properties offered together, this site creates a scalable, high-impact development opportunity in one of Calgary’s most desirable inner-city communities. Located in the highly sought-after North Glenmore Park neighbourhood, each parcel measures approximately 50’ x 139’, forming a combined footprint well-suited for mid-rise multifamily development.

The flat site topography, corner influence, and south-facing rear exposure support efficient building design, strong unit layouts, and optimal natural light — key drivers for rental performance and long-term asset value. From a developer’s perspective, the configuration and location strongly support a 5-storey purpose-built rental or condominium project, aligning with ongoing demand for inner-city multifamily housing in Calgary. Opportunities to assemble this scale of land in North Glenmore Park are extremely limited, making this a strategic acquisition for developers targeting long-term hold assets or build-to-sell projects.

While the existing homes provide holding income potential, the primary value is in the land assembly and its ability to accommodate higher-density redevelopment in a mature, high-demand location surrounded by quality infill and established residential homes. This North Glenmore Park development site benefits from exceptional surrounding amenities that enhance both livability and tenant demand. Central Memorial High School and Altadore School are located nearby, while North Glenmore Park and the Glenmore Reservoir offer year-round recreation including pathways, the Calgary Canoe Club, Calgary Rowing Club, tennis courts, cross-country skiing, skating trails, and pic nic areas.

Additional nearby amenities include Glenmore Athletic Park and the Glenmore Aquatic Centre, providing strong community infrastructure that supports long-term rental demand. The property is located approximately 8 minutes from downtown Calgary, with direct access via Crowchild Trail and Glenmore Trail, ensuring excellent connectivity for future residents. For developers and investors seeking a Calgary land assembly for a 5-storey apartment building, this offering stands out due to its size, configuration, location, and redevelopment potential.

The combination of oversized lots, south-facing exposure, corner positioning, and inner-city proximity creates a rare opportunity to deliver a high-quality multifamily project in one of Calgary’s most established and desirable neighbourhoods.

Property summary

MLS® number
A2302642
Property type
Single Family
Building type
House
Square footage
3,925 sq ft
Title
Freehold
Land size
1928.93 square meters
Built in
1961
Annual property taxes
$16,797.00
Parking
6 spaces · Detached Garage, Other, Oversize
Days on market
157 days

Features & details

Heating
Forced air
Cooling
None
Basement
Finished, Full, Separate entrance, Suite
Flooring
Carpeted, Linoleum
Appliances
See remarks
Exterior features
Stucco, Wood siding
Lot features
See remarks, Back lane, Level
Architectural style
Bungalow

What would this home cost you?

Based on the $3,450,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$16,052 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Real Broker, CALGARY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.